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Home Tag Archives: $500 Million

Tag Archives: $500 Million

Alibaba, Foxconn Reportedly in Talks to Jointly Invest $500 Million in Snapdeal

By Dona Smith
June 16, 2015
in :  News
Comments Off on Alibaba, Foxconn Reportedly in Talks to Jointly Invest $500 Million in Snapdeal

China’s Alibaba and Taiwan’s Foxconn are reportedly in talks to jointly invest about $500 million (roughly Rs. 3,213 crores) in India’s Snapdeal, a deal which could see the growing e-commerce firm valued at roughly $5 billion (roughly Rs. 32,100 crores).The news of the significant potential investment comes via the Wall Street Journal, which cites people familiar with the matter. One …

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